Bonomi dismantles the maneuver of the Meloni government

Bonomi dismantles the maneuver of the Meloni government

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Photo by Mauro Scrobogna, via LaPresse

A debacle of substance

The president of Confindustria talks about the budget law and identifies three unknown factors: a temporal one, of duration, a policy, which satisfies the souls of the majority of the executive, and the last one of vision, which is lacking

The president of Confindustria Charles Bonomi he is skeptical of the Meloni government maneuver presented yesterday at the press conference. He describes it to Press as a budget law that does not have a long-term vision. “The first unknown is time, its duration, things that nobody seems to think about” underlines Bonomi. The second question mark, according to the president, is instead purely political: it is a maneuver made to satisfy the different souls of the majority, he says. Cross and delight of a political government (even if the promises made, especially on the Northern League front, have been partially disregarded). “The third unknown is that it lacks vision on the fight against poverty, but also on employability and productivity”.

But on the last point, i.e. the lack of vision, the leadership of Confindustria agrees, albeit in a different line of view, with other criticisms that have been leveled at the prime minister and her first budget law. “I only see the hard punch against the poor in the face of the clean blows against tax evaders. A redistribution in reverse” he declares to The Republic Joseph Provenzano. But even without going towards the more radical wings of the Democratic Party, we saw yesterday how the party leadership itself unveiled a list of everything that is wrong with the law: from the Citizenship Income to the too timid cut on the tax wedge. Thus both the Democratic Party and the M5s intend to take to the streets of the opposition, even if they are already contending for the position of best enemy of the government.

Another spirit certainly moves Carlo Bonomi, who however with regard to the end of the RDC declares: “It is an announcement. They say they want to intervene but do not highlight which policies can ensure access to work”; and again “a decisive intervention is not made on the wedge. A more energetic cut was needed. Politics has not assumed the responsibility of doing so, but offers new lump sums to VAT numbers”. And if it is true that social security remains in a still unknown terrain, in which reforms, both on income and on pensions, have been postponed, it is undeniable that the maneuver aims to facilitate the self-employed. “If you reduce taxes on the self-employed, the employee who has the same salary pays three times as much. Some employees are starting to tell businesses that they prefer to switch to VAT because they save on taxes”.

And the president of Confindustria sees very little positive. Even on the energy point, the one on the regulation, Bonomi appears not very satisfied: “It’s important. But we would have liked a German-style intervention more than that of the tax credit”. And what is really useful, in the end, is what remains as it is: “It’s a good thing that the bar on public finance has been kept straight”.

A position similar to that of the former minister John Tria who, albeit with more accommodating and confident words, judges only what seems truly promising in continuity with the work of Mario Draghi, and at the Sheet he says: “My judgment on the Meloni government maneuver is positive. It does what it has to do and that is, it makes an effort to mitigate the impact of inflation on families and businesses. And by also acting on the purchasing power of workers, it prevents it from triggering that price-wage spiral that would increase inflation itself. In this sense, the maneuver is in continuity with the approach of the Draghi government”.



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